New Delhi: The number of registered startups has reached 1.76 lakh in the last 11 years, with 118 unicorns (startups with $1 billion valuation and above), thus fueling youth entrepreneurship, Finance Minister Nirmala Sitharaman said on Friday.In a post on social media platform X, the Finance Minister said that “youth in India are building startups … Read more
Mumbai: Akasa Air announced its strategic partnership with Adani Airport Holdings Ltd. (AAHL) to commence commercial flight operations from the upcoming Navi Mumbai International Airport (NMIA). The airline has announced that it will have the largest percentage of the fleet operating from NMIA with more than 100 weekly flights. After IndiGo became the first airline to … Read more
Mumbai: The rupee pared initial losses and appreciated 11 paise to close at 85.68 (provisional) against the US dollar on Friday, after the Reserve Bank cut repo rate by a higher-than-expected 50 basis points to prop up growth.Forex traders said the rupee traded on a flat-to-positive note as the RBI surprised the market with a … Read more
Shilchar Technologies ex-bonus: Lesser known mutlibagger stock Shilchar Technologies Ltd is showing up to 30-33 per cent fall in some trading apps today as all these the shares turned ex-bonus, adjusting to the pre-announced corporate action. The company had announced to issue bonus stocks for the eligible shareholders in 1:2 ratio, which is indicating a … Read more
The Trump administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiating partners seen by Reuters. The draft, from the office of the ,provides a window into … Read more
The National Statistics Office’s (NSO) provisional estimates peg India’s gross domestic product (GDP) growth at 6.5 per cent for 2024-25, with the fourth quarter growing at a blistering 7.4 per cent. The first and second advance estimates, which were based on limited data, had projected 6.4 per cent and 6.5 per cent, respectively. The positive … Read more
India’s economy grew at 6.5% in FY25, marking the slowest pace since the pandemic, but retained its tag as the world’s fastest-growing major economy . This is a steep decline from the 9.2% expansion recorded in FY24, reflecting global headwinds and tepid private investments. Q4 GDP Surprises With 7.4% Growth In a bright spot, the GDP in Q4 (Jan-Mar 2025) expanded by 7.4%, outpacing … Read more
Investor sentiment will be in focus on Monday, June 2, as Terminals and The Leela Palaces make their debut on the Indian stock exchanges. Both IPOs saw moderate interest, mainly from , while grey market premiums suggest a muted . Aegis Vopak Terminals GMPAegis Vopak Terminals’ IPO, open from May 26 to May 28, received … Read more
New Delhi: The government has cut the price of natural gas produced from old (legacy) fields for the first time in two years. This gas is mainly used to produce CNG for vehicles and PNG (piped cooking gas) for homes. The price has been brought down from USD 6.75 to USD 6.41 per million British thermal units … Read more
Kiri Industries Limited, a dye and chemical maker, has announced that the company posted a net loss of Rs 84.6 crore during the quarter (Q4 FY25), which is much higher than the Rs 9.6 crore loss it reported in the same period previous fiscal (Q4 FY24). Revenue also declined by 6.5 per cent, falling to … Read more